variable interest rate
Where consumers receive interest on an investment or pay interest on a loan at a rate that may go up or down during the term. Opposite of fixed interest rate.
variable rate home loan
A home loan where payments increase or decrease in line with rises or falls in official cash rates. Opposite of fixed rate home loan.
Where the seller of a house or other asset, such as a car, offers to lend you money to buy the property or asset as part of the sale.
The rate at which the price of a security moves up and down.